Reinsurance News
Saudi Re’s net profit increased 20.9% to SAR 52.6m in Q2’25
4th August 2025
Saudi Reinsurance Company (Saudi Re) has reported a net profit after zakat attributable to shareholders of SAR 52.6 million for the second quarter of 2025, representing a 20.9% increase compared to the same quarter a year earlier. The company attributed the increase in net profit to a 28% rise in reinsurance ... Read the full article
Aon’s Jeffrey Jones joins Mercury Insurance as Chief Reinsurance Officer
4th August 2025
Jeffrey Jones has joined Mercury Insurance, a property and casualty insurer, as Vice President & Chief Reinsurance Officer, a newly created role, following a 30-year tenure as a reinsurance broker at Aon. The executive’s arrival comes at a time of significant strategic evolution from Mercury, particularly concerning its expanding portfolio and ... Read the full article
Re/insurance broker AI12 receives DFSA authorisation and establishes presence in DIFC
4th August 2025
AI12 Ltd., a global specialist insurance and reinsurance brokerage, has received authorisation from the Dubai Financial Services Authority (DFSA) and is now officially established as a regulated entity within the Dubai International Financial Centre (DIFC). AI12 is recognised for its deep expertise in the aviation sector and its commitment to delivering ... Read the full article
QBE expands into Dutch marine insurance market with key appointment
4th August 2025
QBE, an insurer with operations in over 25 countries, has announced the appointment of Paul Peerdeman to lead the launch of its marine insurance portfolio in the Netherlands. The move is part of QBE’s strategy to strengthen its presence in key European markets by offering locally tailored solutions for global trade. Peerdeman ... Read the full article
MAPFRE examines how AI will transform the insurance industry by 2035
4th August 2025
In a recent study, MAPFRE explores the future role of insurance in a world shaped by artificial intelligence (AI) by 2035, provisioning four plausible future scenarios to understand how these technology advances could affect people’s daily interactions and the key trends insurers must prepare for. In the study "The Future of ... Read the full article
Aon names Sushant Sarin as Head of Strategy and Commercial Risk Solutions, India
4th August 2025
Aon, a global insurance and reinsurance broker, has appointed Sushant Sarin as Head of Strategy and Commercial Risk Solutions for India, effective immediately, based in Mumbai. Sarin reports to Rishi Mehra, Chief Executive Officer, Aon India, and joins the firm's India Leadership Team. In his new role, Sarin will lead Aon's commercial ... Read the full article
NDF boosts parametric hurricane protection with increased risk capacity for Corp-EFF
4th August 2025
The Natural Disaster Fund (NDF), managed by the Global Parametrics team (a CelsiusPro Group company), has expanded access to parametric hurricane protection by increasing its risk capacity allocation to Corp-EFF Insurance Company Limited. NDF has provided USD 4.7 million to expand the Flexible Hurricane Protection (FHP) programme, launched in 2022 to ... Read the full article
Concert Group announces leadership transition to support strategic growth
4th August 2025
Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, has introduced a new executive leadership structure aimed at steering the company through its next phase of strategic and profitable expansion. The plan, developed earlier this year, officially goes into effect today, Friday, ... Read the full article
Allianz, BlackRock, Generali, Hannover Re and T&D acquire Viridium
4th August 2025
A consortium including Allianz, BlackRock, Generali Financial Holdings, Hannover Re and T&D Holdings, have completed the acquisition of Viridium Group, a European life insurance consolidation platform, from Cinven. The transaction was initially announced on March 19, 2025, stating Viridium would be acquired by €3.5 billion transaction. Santander Insurance and PG3, a ... Read the full article
PartnerRe appoints Matthew Doherty as Head of Underwriting Insurance Programs
4th August 2025
PartnerRe, a reinsurer providing capital and risk solutions, has appointed Matthew Doherty as Head of Underwriting Insurance Programs, effective August 1, 2025. In this role, Doherty will oversee underwriting activities related to insurance programs, supporting the company’s ongoing work in this segment of the market. His appointment aligns with PartnerRe’s ongoing efforts ... Read the full article
Aegis Professional Risk transitions to McGowan Companies in deal with K2 Insurance Services
4th August 2025
McGowan Companies, a provider of specialised insurance programmes, has acquired the assets associated with the Aegis Professional Risk division from Aegis General Insurance Agency, Inc. This transaction was completed through an asset purchase agreement with K2 Insurance Services, LLC. Aegis Pro Risk is a division focused on professional liability insurance solutions. It ... Read the full article
Berkshire Hathaway’s re/insurance underwriting earnings strong despite higher losses in H1’25
2nd August 2025
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported net underwriting earnings of $2 billion and $3.3 billion for the second quarter and first half of 2025, respectively, both down on the comparable prior year periods, as the firm's primary insurance arm felt the impacts from catastrophe events ... Read the full article
Our reinsurance purchase strategy will remain agile and flexible: AXIS CEO Tizzio
1st August 2025
In recent years, Bermuda-based re/insurer AXIS Capital Holdings has repositioned its reinsurance strategy to better fit with the company's view of risk, and Chief Executive Officer (CEO), Vincent Tizzio, has said that the firm's approach to reinsurance will remain both agile and flexible. During the carrier's Q2 2025 earnings call, ... Read the full article
Fairfax reports Q2’25 net income increase with improved 93.3% CoR
1st August 2025
Fairfax Financial Holdings Limited has announced its financial result for the second half of 2025, reporting net earnings of $1,436.7 million, increasing from the $1,055.8 million net earnings reported in the same period last year. According to the firm, the increase in Q2 2025’s earnings primarily reflects increased net gains on ... Read the full article
CDI completes review of KCC US Wildfire Model
1st August 2025
Karen Clark & Company (KCC), a provider of catastrophe risk modelling solutions, has announced that the California Department of Insurance (CDI) has completed its review of KCC’s US Wildfire Reference Model Version 3.0 under the newly established Pre-Application Required Information Determination Procedure (PRID). This development paves the way for insurers to ... Read the full article
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